Marathon Petroleum Corp (MPC)

Operating profit margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Operating income (ttm)	US$ in thousands	14,514,000	16,858,000	18,791,000	23,814,000	21,469,000	18,508,000	13,162,000	5,799,000	4,300,000	2,912,000	515,000	125,000	-12,247,000	-12,079,000	-9,342,000	-8,219,000	4,462,000	5,921,000	5,644,000	5,657,000
Revenue (ttm)	US$ in thousands	112,014,000	149,401,000	155,477,000	172,956,000	176,332,000	174,030,000	159,303,000	134,956,000	119,445,000	102,060,000	86,991,000	72,416,000	75,044,000	88,164,000	102,095,000	120,790,000	123,949,000	125,190,000	117,135,000	105,905,000
Operating profit margin		12.96%	11.28%	12.09%	13.77%	12.18%	10.63%	8.26%	4.30%	3.60%	2.85%	0.59%	0.17%	-16.32%	-13.70%	-9.15%	-6.80%	3.60%	4.73%	4.82%	5.34%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $14,514,000K ÷ $112,014,000K
= 12.96%

Marathon Petroleum Corp's operating profit margin has shown varying trends over the past eight quarters. In Q4 2023, the operating profit margin was 9.08%, a decline from the previous quarter but still higher than the levels seen in Q2 and Q3 of the same year. The highest operating profit margin in this period was recorded in Q1 2023 at 12.63%, indicating strong profitability in that quarter.

Comparing the data to the same quarter in the previous year, there has been a noticeable improvement in operating profit margin. For example, Q4 2022 had an operating profit margin of 11.08% compared to 9.08% in Q4 2023, implying a decrease in profitability year-over-year.

Overall, Marathon Petroleum Corp's operating profit margin has shown some volatility, with fluctuations in profitability across the quarters. It is important for the company to closely monitor and manage its operating costs and revenue generation to ensure sustainable and improved profitability in the future.